Flow sensors are special devices, used to measure the rate of fluid flow directly or inferentially. Direct measurement involves measurement of volumetric flow rate of the fluid. Additionally, inferential flow measurement involves the estimation of flow rate by measuring other fluid parameters including temperature, pressure, mass etc. Flow sensors are classified into various types: turbine flow sensor, electromagnetic flow sensor and thermal mass flow sensor. Turbine flow sensor is used for flow measurement and dosing applications for liquids. Electromagnetic flow sensors detect the flow by using the Faraday’s Law of induction. There is an electro-magnetic coil inside an electromagnetic flow-meter, that generates the magnetic field, and electrodes that capture the electromotive force or voltage. In addition, thermal mass flow sensors use thermal properties of the fluid for measuring the flow of a fluid flowing in a pipe or duct.
As per analysis, “Global Flow Sensors Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global flow sensors market include GE Measurement & Control: Dresser, Krohne, Delphi Automotive LLP., ABB LTD, Freescale Semiconductor, Infineon Technologies, AZBIL (YAMATAKE), Mcmillan Company, Omega Engineering, Analog Devices Inc., Motorola Solutions, Raytek Corporation, Honeywell International, Meggitt Sensing Systems and among others. The leading players in the global flow sensor market have particularly targeted the end-users for instance healthcare, oil & gas, and automotive & transportation, and have also increased investment for the purpose of providing innovative products or services for smooth flow measurement process in end-user segments.
Based on type, flow sensors market is bifurcated as ultrasonic flow sensors, coriolis flow sensors, vortex flow sensors, mass flow sensors and thermal flow sensors. In addition, based on application, market is bifurcated as environmental, automotive, healthcare & medical, consumer electronics and others.
The flow sensors market is driven by increase in penetration of IoT in flow rate measurement solutions, followed by growth in demand for advanced flow meters across water & wastewater sectors and oil & gas. However, high initial costs of advanced flow sensor products may impact the market. Moreover, increase in modernization in the products offered in the market, rise in wave of new technologies for instance ultrasonic & magnetic, continuous development in technologies and rise in research & development activities are key opportunities for market.
Based on geography, the North-America is a leading region in global flow sensors market owing to presence of a large number of vendors and growth in demand from chemicals, oil & gas, and power generation industries across the region. The Asia-Pacific region is expected to exhibit substantial growth rate due to rise in use of innovative technologies & equipment for efficient operations adopted by manufacturers on a large scale over the forecast period. Additionally, the Europe region is also expected to exhibit higher growth rate due to rise in demand for chemical & petrochemical products during the forecast period. It is estimated that future of the global flow sensors market will be bright as a result of growth in demand for accurate flow measurements during the forecast period.
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Ankur Gupta, Head Marketing & Communications